Addleshaw Goddard advises PGE on acquisition of FEW Bałtyk II and environmental assets for Baltica 9

Addleshaw Goddard acted as Polish counsel to advise PGE Polska Grupa Energetyczna S.A. (including its Baltica 9 sp. z o.o. subsidiary) in the transaction, and Linklaters LLP acted as lead counsel for PGE; the seller was the RWE group. Baltica 9 sp. z o.o., a PGE Group company, committed to acquire 100% of the shares in RWE Offshore Wind Poland sp. z o.o., the developer of the FEW Bałtyk II offshore wind project with an installed capacity of approximately 350 MW. The FEW Bałtyk II project is adjacent to the Baltica 9 project and benefits from a contract for difference, location permits and a permit for laying and maintaining cables (PUUK). Concurrently, Baltica 9 entered into an agreement to acquire environmental assets, including the Environmental Decision (Decyzja o Środowiskowych Uwarunkowaniach), necessary to participate in the auction to obtain the right to cover the negative balance for electricity generated by the offshore wind farm and fed into the grid. As a result of winning that auction, the Baltica 9 offshore wind project with a capacity of 975 MW (area 44.E.1) will proceed. Addleshaw Goddard represented PGE Polska Grupa Energetyczna S.A. with a team composed by: Piotr Zbyszyński (managing associate, corporate practice) leading the team; Adam Usiądek (senior associate, corporate practice); Jakub Dąbrowski (counsel, infrastructure, projects and energy practice); Dominik Piechowiak (senior associate, infrastructure, projects and energy practice); Szymon Sieniewicz (counsel, head of the TMT/IP practice); Marcelina Sługocka (associate, TMT/IP practice); and Wojciech Podlasin (counsel, competition practice). The transaction was supervised by Marcin Schulz (partner, co-head of the corporate practice) and Patryk Figiel (partner, head of the infrastructure, projects and energy practice). Other Addleshaw Goddard contributors included: Małgorzata Szwaj (partner, head of the competition practice), Barbara Wanat (managing associate), Filip Stawicki (managing associate) and Mateusz Skóra (junior associate) from the competition practice; Magdalena Szewczyk (managing associate), Justyna Tuleja (associate), Paulina Osiecka (junior associate) and Lena Murawska (junior associate) from the corporate practice; Monika Krzyszkowska-Dąbrowska (partner, head of the employment practice), Łukasz Burakowski (managing associate) and Katarzyna Magnuska (senior associate) from the employment practice; and Piotr Jelito (junior associate) from the infrastructure, projects and energy practice. Linklaters LLP acted as lead counsel for PGE Polska Grupa Energetyczna S.A.

Addleshaw Goddard advises PGE on acquisition of FEW Bałtyk II and environmental assets for Baltica 9

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